Bitcoin / Euro may fall to 55820 - 56320

Our pivot point stands at 58180.

Our preference

The downside prevails as long as 58180 is resistance.

Alternative scenario

Above 58180, look for 59010 and 59500.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 58842 and 58310).

Supports and resistances

59500 **

59010 *

58180 **

57850

57479 last

56320

55820 **

55330 *

54840 **

Number of asterisks represents the strength of support and resistance levels.